Inflation rate fell to -0.4% in May as COVID-19 continued to wallop Canada’s economy

Inflation rate fell to -0.4% in May as COVID-19 continued to wallop Canada’s economy

June 17, 2020

“Prices edged slightly further into the abyss of outright deflation,” market strategist Don Curren with Cambridge Global Payments said. “If deflationary trends gain momentum … they could become problematic for the economy.”

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